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Acme Company's production budget for August is 19,400 units and includes the following component unit...

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Accounting

Acme Company's production budget for August is 19,400 units and includes the following component unit costs: direct materials, $10.00; direct labor, $12.50; variable overhead, $6.00. Budgeted fixed overhead is $51,000. Actual production in August was 20,928 units. Actual unit component costs incurred during August include direct materials, $10.50; direct labor, $12.00; variable overhead, $6.50. Actual fixed overhead was $54,400.
Required:
Prepare a performance report, including each cost component.
Note: Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance).
\table[[Cost Component,\table[[Original Budget],[ units)]],\table[[Flexed Budget],[ units)]],\table[[Actual Cost],[ units)]],Budget Variance,],[Direct materials,,,,,],[Direct labor,,,,,],[Variable overhead,,,,,],[Fixed overhead,,,,,],[Total budgeted cost,,,,,]]
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